CORBION N.V. |
Market Closed -
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After market 12:26:41 pm | |||
| 19.41 EUR | +0.21% |
|
19.38 | -0.18% |
| Apr. 26 | Transcript : Corbion N.V., Q1 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 26 | Corbion N.V. announces an Equity Buyback for ?20 million worth of its shares. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,652 | 2,715 | 2,443 | 1,879 | 1,149 | 1,145 | - | - |
| Enterprise Value (EV) 1 | 1,956 | 2,999 | 2,904 | 1,879 | 1,864 | 1,628 | 1,605 | 1,549 |
| P/E ratio | 65.4 x | 37.5 x | 31.4 x | 21.1 x | 15.9 x | 19.4 x | 13.1 x | 10.8 x |
| Yield | 1.99% | 1.21% | 1.35% | - | 3.15% | 3.25% | 3.2% | 3.51% |
| Capitalization / Revenue | 1.69 x | 2.75 x | 2.28 x | 1.29 x | 0.8 x | 0.85 x | 0.82 x | 0.79 x |
| EV / Revenue | 2 x | 3.04 x | 2.71 x | 1.29 x | 1.29 x | 1.21 x | 1.15 x | 1.07 x |
| EV / EBITDA | 13.4 x | 18.9 x | 21.4 x | 10.2 x | 9.72 x | 9.73 x | 7.52 x | 6.63 x |
| EV / FCF | 204 x | 149 x | -23 x | - | 116 x | 30.4 x | 31.5 x | 24 x |
| FCF Yield | 0.49% | 0.67% | -4.35% | - | 0.86% | 3.29% | 3.18% | 4.16% |
| Price to Book | 3.12 x | 5.27 x | 4.41 x | - | 1.8 x | 1.73 x | 1.6 x | 1.46 x |
| Nbr of stocks (in thousands) | 58,765 | 58,820 | 58,952 | 59,013 | 59,273 | 59,091 | - | - |
| Reference price 2 | 28.12 | 46.15 | 41.44 | 31.84 | 19.38 | 19.37 | 19.37 | 19.37 |
| Announcement Date | 3/9/20 | 3/5/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 976.4 | 986.5 | 1,071 | 1,458 | 1,444 | 1,343 | 1,401 | 1,447 |
| EBITDA 1 | 145.9 | 158.8 | 135.8 | 184.4 | 191.8 | 167.3 | 213.5 | 233.6 |
| EBIT 1 | 85 | 98.5 | 71.7 | 108 | 107.2 | 88.46 | 128.6 | 150.3 |
| Operating Margin | 8.71% | 9.98% | 6.7% | 7.41% | 7.42% | 6.59% | 9.18% | 10.39% |
| Earnings before Tax (EBT) 1 | 44.7 | 87.7 | 86.5 | 116.4 | 85.3 | 83.55 | 111.3 | 134.4 |
| Net income 1 | 25.8 | 73.1 | 78.3 | 90 | 72.9 | 53.22 | 90.88 | 105.7 |
| Net margin | 2.64% | 7.41% | 7.31% | 6.17% | 5.05% | 3.96% | 6.49% | 7.31% |
| EPS 2 | 0.4300 | 1.230 | 1.320 | 1.510 | 1.220 | 1.000 | 1.480 | 1.790 |
| Free Cash Flow 1 | 9.6 | 20.1 | -126.3 | - | 16.1 | 53.53 | 51 | 64.5 |
| FCF margin | 0.98% | 2.04% | -11.79% | - | 1.12% | 3.99% | 3.64% | 4.46% |
| FCF Conversion (EBITDA) | 6.58% | 12.66% | - | - | 8.39% | 31.99% | 23.89% | 27.61% |
| FCF Conversion (Net income) | 37.21% | 27.5% | - | - | 22.09% | 100.58% | 56.12% | 61.02% |
| Dividend per Share 2 | 0.5600 | 0.5600 | 0.5600 | - | 0.6100 | 0.6300 | 0.6200 | 0.6800 |
| Announcement Date | 3/9/20 | 3/5/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2023 Q2 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 492.2 | 515.6 | 282 | 273.2 | 320.1 | 367.3 | 378.4 | - | 353 |
| EBITDA 1 | 83.8 | 77.1 | 36.4 | 22.3 | 40 | - | 48.4 | - | 39.3 |
| EBIT | 45.7 | 70.3 | - | - | - | 28.9 | - | 53.6 | - |
| Operating Margin | 9.28% | 13.63% | - | - | - | 7.87% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/7/20 | 8/10/21 | 10/27/21 | 2/25/22 | 4/29/22 | 8/10/22 | 8/10/23 | 8/10/23 | 10/26/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 303 | 284 | 461 | - | 715 | 484 | 460 | 404 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.079 x | 1.79 x | 3.395 x | - | 3.729 x | 2.89 x | 2.157 x | 1.731 x |
| Free Cash Flow 1 | 9.6 | 20.1 | -126 | - | 16.1 | 53.5 | 51 | 64.5 |
| ROE (net income / shareholders' equity) | 8.77% | 14% | 14.6% | - | 10.8% | 8.8% | 12.6% | 14.3% |
| ROA (Net income/ Total Assets) | 4.47% | 6.75% | - | - | - | - | - | - |
| Assets 1 | 576.8 | 1,083 | - | - | - | - | - | - |
| Book Value Per Share 2 | 9.000 | 8.760 | 9.400 | - | 10.80 | 11.20 | 12.10 | 13.30 |
| Cash Flow per Share 2 | 1.940 | 1.850 | 0.3800 | - | 2.800 | 2.600 | 3.170 | 3.390 |
| Capex 1 | 82.6 | 88.9 | 149 | - | 149 | 109 | 111 | 121 |
| Capex / Sales | 8.46% | 9.01% | 13.89% | - | 10.34% | 8.1% | 7.95% | 8.39% |
| Announcement Date | 3/9/20 | 3/5/21 | 2/25/22 | 3/3/23 | 3/1/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
19.37
EUR
Average target price
23.65
EUR
Spread / Average Target
+22.10%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.52% | 1.24B | |
| +20.09% | 68.02B | |
| -5.26% | 46.34B | |
| +22.56% | 43.77B | |
| +11.53% | 19.86B | |
| +14.16% | 17.23B | |
| -25.77% | 14.95B | |
| -14.93% | 14.44B | |
| -31.27% | 11.82B | |
| -31.93% | 11.56B |
- Stock Market
- Equities
- CRBN Stock
- Financials Corbion N.V.
